1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OlgaM077 [116]
3 years ago
12

Which of the following debit and credit rules is​ correct? A. Decreases in assets and liabilities are credited. B. Increases in

liabilities and​ stockholders' equity are credited. C. Increases in liabilities and​ stockholders' equity are debited. D. Increases in assets and liabilities are debited.
Business
1 answer:
Andrei [34K]3 years ago
6 0

Answer:

B. Increases in liabilities and​ stockholders' equity are credited.

Explanation:

As Liabilities and Stockholder's equity have credit balance, so a credit entry will increase their value and debit entry will decrease its balance. On the other hand assets accounts have debit balance, a credit entry will decrease its balance and debit entry will increase it. So the correct option is B. Increases in liabilities and​ stockholders' equity are credited.

You might be interested in
What are the implications in formal communication to managers at a workplace
Nimfa-mama [501]

Formal communication ensures a proper channel of information flow between the superior and their corresponding subordinates. This results in a clear establishment of line of authority and workflow. Making responsibilities clear for subordinates is very efficient in this form of communication.

7 0
2 years ago
The Atlantic Company sells a product for $150 per unit. The variable cost is $60 per unit, and fixed costs are $270,000. What is
avanturin [10]

Answer:

The break even units are 3000 units and when it desires the profit of $36000 then sales unit is 3400 units.

Explanation:

The selling price of a product (SP) = $150 per unit.

Variable cost (VC) = $60 per unit.

Fixed cost of the company = $270000

Break-even units can be calculated by dividing the fixed cost from the difference in selling price and variable cost.

Break even Units = (fixed cost) / ( SP – VC)

= 270000 / (150-60)

= 3000 units.

Break-even units when a company desires a profit of $36000.

Desired units for sales = (Fixed Cost + Profit)/ Contribution per unit

= (270,000 + 36,000) / (150 - 60)

= 3,400 units

7 0
3 years ago
Convertible bondsa. have priority over other indebtedness.b. are usually secured by a first or second mortgage.c. pay interest o
zmey [24]

Answer:

d. may be exchanged for equity securities.

Explanation:

Convertible bonds

It is a debt security , which is fixed and which yields the  interest payments , but it can be converted to a predetermined number of the equity shares or common stock .

The bond to stock conversion can be done at a number of times during the life of the bond .

These bonds are mostly issued by the companies which have low credit ratings and have potential of higher growth .

4 0
3 years ago
Penningtons Superstore, which specializes in plus-size fashions for women, wanted to see if it should add a line of plus-size ju
Julli [10]

Answer: (C) Collect relevant information    

Explanation:

According to the given question, the Pennington superstore is one of the women fashion store which is specialized in the Plus- size and based on the given statement it basically reflect the relevant information marketing research process.

The process of collecting the relevant information about the specific topic helps in analyzing the necessary data about the company on the basis of the customer requirement.

According to the given question, the process of reflecting about the relevant marketing research information is to collect the relevant data or information on the specific concept.

Therefore, Option (C) is correct answer.    

4 0
3 years ago
Suppose Kitchen HelpersKitchen Helpers manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $36. Kitc
9966 [12]

Answer:

The budgeted gross profit for July is $ 11,000.

Explanation:

total cost of goods sold per july = $8,800

total units sales = $ 550

cost of goods sold for unit = $16

budgeted sale per unit is = $36

budgeted gross profit for unit = selling price - cost of goods sold

                                                  = $36 - $16

                                                  = $20

total budgeted gross profit for july

= total units sales in july *gross profit per unit  

= 550*$20

= $ 11,000

Therefore, The budgeted gross profit for July is $ 11,000.

3 0
4 years ago
Other questions:
  • In IBP Exercise 09-03 you ran an MRP to produce only the Silver Deluxe Touring Bikes. Now, you can pick up where you left off an
    14·1 answer
  • Outback Steakhouse wants to expand its line of food products. The managers sent surveys to customers to determine which food ite
    12·1 answer
  • The Fed decides the percentage of __________ that banks are required to hold as reserves.
    8·2 answers
  • 1.) What are are the advantages and disadvantages of teams?<br> Discussion Question( Managing Teams)
    13·2 answers
  • $1500 for supplies to sell at a football game. Total receipts for the venue was $3,700. What were her expenses as a percentage o
    11·1 answer
  • Why is this app so good
    9·2 answers
  • Ben created a site that allows potential customers to fill in their information if they want a free consultation. What did Ben c
    6·1 answer
  • The Draper Corporation is considering dropping its Doombug toy due to continuing losses. Data on the toy for the past year follo
    7·1 answer
  • Why are companies required to perform payroll withholding?
    12·2 answers
  • i need to know whether you are able to perform the following functions of the job, revising existing marketing materials, promot
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!